Monthly Archives: August 2024

Initial issue of shares to 18 unrelated investors in a Victorian ‘landholder’ was subject to duty – Court of Appeal agrees all 18 were part of an ‘associated transaction’

The Victorian Supreme Court of Appeal has upheld a Tribunal decision, that the ‘landholder’ provisions of the Duties Act 2000 (Vic) applied, to an initial capital raising, to develop land at Diamond Creek in Victoria. The taxpayer company, was a special purpose vehicle, formed to raise the necessary capital for the project. It had been…

Horse racing Racing clubs liable for SGC on jockeys’ riding fees – jockeys deemed an ’employee’ under s12(8) as ‘as performers paid to participate in a sport’

The AAT has affirmed, in 5 separate cases (that were heard at the same time by the same AAT member), that jockeys were deemed “employees” of various NSW horse racing clubs, for super guarantee purposes, and that each relevant club, was liable to make super contributions, in relation to jockey riding fees, paid by the…

Tax Advice and Tax Controversy – Lawyers compared with Tax Agents after the recent (onerous) TASA changes

DBA Lawyers have published the attached article exploring the treatment clients can expect from lawyers as opposed to Tax Agents, who are subject to new onerous disclosure and reporting rules. It is important, DBA Lawyers write, that clients and advisers consider from whom to seek guidance. There are significant differences in the level of confidentiality…